Integrated Investment Consultants LLC Cuts Stake in Skyline Champion Co. (NYSE:SKY)

Integrated Investment Consultants LLC reduced its position in Skyline Champion Co. (NYSE:SKY) by 2.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,554 shares of the company’s stock after selling 3,064 shares during the quarter. Skyline Champion accounts for approximately 0.2% of Integrated Investment Consultants LLC’s investment portfolio, making the stock its 27th largest holding. Integrated Investment Consultants LLC owned approximately 0.18% of Skyline Champion worth $9,299,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. FMR LLC increased its holdings in shares of Skyline Champion by 32.3% in the 3rd quarter. FMR LLC now owns 1,491,907 shares of the company’s stock valued at $141,507,000 after acquiring an additional 363,885 shares during the period. Assenagon Asset Management S.A. bought a new stake in Skyline Champion during the third quarter valued at about $27,769,000. Cerity Partners LLC grew its stake in Skyline Champion by 118.8% in the third quarter. Cerity Partners LLC now owns 188,767 shares of the company’s stock valued at $17,905,000 after purchasing an additional 102,506 shares during the last quarter. State Street Corp raised its holdings in Skyline Champion by 4.6% in the third quarter. State Street Corp now owns 1,790,962 shares of the company’s stock worth $169,873,000 after purchasing an additional 78,733 shares in the last quarter. Finally, Summit Partners Public Asset Management LLC lifted its position in shares of Skyline Champion by 23.3% during the third quarter. Summit Partners Public Asset Management LLC now owns 404,673 shares of the company’s stock valued at $38,383,000 after buying an additional 76,573 shares during the last quarter.

Analysts Set New Price Targets

Several research analysts recently commented on SKY shares. Jefferies Financial Group boosted their price objective on shares of Skyline Champion from $79.00 to $86.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Royal Bank of Canada upped their price target on Skyline Champion from $82.00 to $88.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 30th. Craig Hallum raised their price objective on Skyline Champion from $92.00 to $99.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Barclays upped their target price on Skyline Champion from $85.00 to $90.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $85.40.

Skyline Champion Price Performance

Shares of SKY opened at $90.58 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.42 and a quick ratio of 1.64. The company’s fifty day moving average price is $96.62 and its 200-day moving average price is $90.25. Skyline Champion Co. has a 1-year low of $64.82 and a 1-year high of $116.49. The firm has a market capitalization of $5.20 billion, a PE ratio of 34.97 and a beta of 1.63.

Skyline Champion (NYSE:SKY) last posted its quarterly earnings results on Monday, October 28th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.32. Skyline Champion had a return on equity of 13.20% and a net margin of 6.42%. The business had revenue of $616.88 million for the quarter, compared to the consensus estimate of $600.52 million. During the same quarter in the previous year, the business earned $0.82 EPS. The company’s quarterly revenue was up 32.9% compared to the same quarter last year. On average, equities research analysts predict that Skyline Champion Co. will post 3.43 EPS for the current year.

Skyline Champion Profile

Skyline Champion Corporation produces and sells factory-built housing in North America. The company offers manufactured and modular homes, park models RVs, accessory dwelling units, and modular buildings for the multi-family and hospitality sectors. It builds homes under the Skyline Homes, Champion Home Builders, Genesis Homes, Athens Park Models, Dutch Housing, Atlantic Homes, Excel Homes, Homes of Merit, New Era, Redman Homes, ScotBilt Homes, Shore Park, Silvercrest, and Titan Homes brands in the United States; and Moduline and SRI Homes brand names in western Canada.